Americafirst Capital Management LLC purchased a new position in shares of Discover Financial Services (NYSE:DFS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,167 shares of the financial services provider’s stock, valued at approximately $140,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DFS. Diamond Hill Capital Management Inc. grew its holdings in Discover Financial Services by 97.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,035,035 shares of the financial services provider’s stock worth $453,619,000 after acquiring an additional 3,475,126 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Discover Financial Services during the 2nd quarter worth approximately $199,350,000. Principal Financial Group Inc. grew its holdings in Discover Financial Services by 492.6% during the 2nd quarter. Principal Financial Group Inc. now owns 3,504,010 shares of the financial services provider’s stock worth $217,914,000 after acquiring an additional 2,912,742 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Discover Financial Services by 320.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,672,385 shares of the financial services provider’s stock worth $166,196,000 after acquiring an additional 2,037,515 shares in the last quarter. Finally, Capital World Investors grew its holdings in Discover Financial Services by 18.3% during the 2nd quarter. Capital World Investors now owns 10,578,342 shares of the financial services provider’s stock worth $657,867,000 after acquiring an additional 1,638,334 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Discover Financial Services (DFS) opened at $74.59 on Friday. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $26,770.25, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 1.94 and a beta of 1.53. Discover Financial Services has a 12 month low of $57.50 and a 12 month high of $75.51.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.40 annualized dividend and a yield of 1.88%. Discover Financial Services’s dividend payout ratio is currently 24.05%.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Discover Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Morgan Stanley reduced their price objective on shares of Discover Financial Services from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, September 8th. BMO Capital Markets reduced their price objective on shares of Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating for the company in a research report on Wednesday, October 25th. Bank of America boosted their price objective on shares of Discover Financial Services from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada restated a “buy” rating and set a $86.00 price objective on shares of Discover Financial Services in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $76.26.

In other Discover Financial Services news, COO Roger C. Hochschild sold 15,258 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $64.87, for a total value of $989,786.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David W. Nelms sold 30,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $64.55, for a total transaction of $1,936,500.00. The disclosure for this sale can be found here. Insiders sold a total of 183,277 shares of company stock worth $12,335,343 over the last three months. 0.96% of the stock is currently owned by corporate insiders.

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Discover Financial Services Profile

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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